Atiku Abubakar, Panama Papers and Lagos-Calabar Superhighway

Policy Statement 13 In a criminal court in Panama, the trial of the first batch of 27 individuals accused of money laundering related to the global “Panama Papers” revelations began on Monday, the 8th of April, 2024. The owners of the Mossack-Fonseca legal business, which was central to the major document leak in 2016, are…

Nigerians Deserve More From The Subnationals, Governors Should Live Up To Their Responsibilities To The People

Nigerians Deserve More From The Subnationals, Governors Should Live Up To Their Responsibilities To The People

Policy Statement 05 There has been a growing concern over the dwindling roles of State Governors in the economic affairs of the country since the nation’s return to democracy in 1999. Many of them are on record to have shown limited knowledge of the concept of federalism. It appears that this confounding gubernatorial disposition to…

Q4 2023 GDP Figures Indicate Economy Fast Adjusting To Tinubu’s Reformation Policies

Q4 2023 GDP Figures Indicate Economy Fast Adjusting To Tinubu’s Reformation Policies

The latest Gross Domestic Product (GDP) numbers from the National Bureau of Statistics (NBS) have  shown in many ways that the Nigerian economy is not only fast adjusting but also adapting to the national economic reforms being spearheaded by the President Bola Ahmed Tinubu administration. The reformation is headlined by the twin policies of fuel…

Trillion Dollar Economy Beckons – Insights into Tinubu’s Policies That Will Change the Face of Nigeria’s Economy

Policy Statement 12 The World Bank projects that the value of Nigeria’s Gross Domestic Product in 2024 will reduce to $394.94 billion at current prices, that is, a decline of $82.44 from the 2022 size when it was stated to be $477.38 billion. This projected shrinking of the size of the Nigerian economy will reflect…

Inside the CBN Manoeuvres that Broke the Open Market Economic Chain and Stabilised the Naira in Record Time

Policy Statement 11 We feel enthused over the acknowledgement, across the country, of the reversal of the spiral downward slope of the Nigeria’s national currency, the Naira, by the Central Bank of Nigeria (CBN). We have observed that the downward slide of the Naira has not only been arrested, but it is gradually stabilizing against…

FG Sets Fiscal Milestone First Time In Over 20 Years As Capital Expenditure Exceeds Recurrent

Policy Statement 09 We have observed that for the first time in over two decades, capital expenditure funds are higher than allocations to recurrent. By the nation’s annual budget precedence, this is remarkable considering the age-long national aspiration to engineer a budget that is perceived as a true capital expenditure fiscal instrument.  A recurrent budget,…

Tinubu’s Reforms: We Admonish No Retreat, No Surrender

Policy Statement 08 To understand the nation’s current economic milieu, we have to go back to June 15, 2016. Nigeria’s central bank, on that day, announced it would abandon its currency’s dollar peg in preference for a free float of the Naira in an effort to alleviate the chronic foreign currency shortages choking growth in Africa’s…

CBN Battles to Take Control of the Forex Market: Our Position

Policy Statement 01 We have observed the raft of policies’ issuance by the Central Bank of Nigeria (CBN) in its bid to facilitate harmony and stability in the nation’s foreign exchange market. One of the policies addresses the Net Open Positions of Nigeria’s Deposit Banks. The policy relates directly to concerns over the quantum of…